Burberry Group Given “Neutral” Rating at BNP Paribas (BRBY)
Burberry Group (LON:BRBY)‘s stock had its “neutral” rating reaffirmed by investment analysts at BNP Paribas in a note issued to investors on Wednesday, AnalystRatings.NET reports. They currently have a GBX 1,680 ($27.69) price target on the stock. BNP Paribas’ price objective would indicate a potential upside of 9.30% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at HSBC cut their price target on shares of Burberry Group from GBX 1,900 ($31.31) to GBX 1,850 ($30.49) in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Separately, analysts at Cantor Fitzgerald Europe reiterated a “hold” rating on shares of Burberry Group in a research note to investors on Monday. They now have a GBX 1,500 ($24.72) price target on the stock. Finally, analysts at Cantor Fitzgerald Europe reiterated a “hold” rating on shares of Burberry Group in a research note to investors on Monday. They now have a GBX 1,500 ($24.72) price target on the stock. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 1,618.35 ($26.67).
Shares of Burberry Group (LON:BRBY) traded up 4.63% on Wednesday, hitting GBX 1537.00. The stock had a trading volume of 3,244,604 shares. Burberry Group has a 52-week low of GBX 1238.00 and a 52-week high of GBX 1687.0001. The stock has a 50-day moving average of GBX 1483. and a 200-day moving average of GBX 1527.. The company’s market cap is £6.724 billion.
Burberry Group plc is a holding company. It designs, sources, and markets luxury men’s, women’s and children’s clothing and non-apparel accessories globally through a diversified network of retail (LON:BRBY), wholesale and franchise channels.
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